Monthly Snapshot December [Full subscriber]

Market overview The sugar price peaked to 14 cents/lb in late October. News of global surplus in 2018/19 has weighed down on price. The price on 22nd November was 12.79 cents. As for white sugar, its price reached its lowest in a month in London at US$335.7 (15.23 cents/lb). Recent forecasts by the International Sugar Organization (ISO) and US Department of Agriculture suggests that there will be a surplus in 2018/19. ISO puts global surplus at 2.2 million tonnes (mlt) while the USDA puts it at 9 mlt. Rabobank in its latest outlook forecasts a global surplus of 1.2 mlt… Login to continue

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